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Neo Space Group (NSG) is a national company owned by the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia. It operates in the space sector and satellite services both locally and globally. Announced on May 27, 2024, it is the first PIF investment focusing entirely on space sector industries. Objectives of NSG NSG aims to develop and enhance commercial operations such as startups, initiatives, and technologies related to the space sector and satellite services in the Kingdom. It seeks...
Noon Investment is an e-commerce company that provides several products and services for its customers across various platforms. The Public Investment Fund (PIF) owns 50 percent of the company. It was established in 2017 and operates a fleet of approximately nine thousand specialized delivery vehicles. Investing in Noon Investment The PIF's ownership of a 50 percent stake in Noon Investment Company reflects its commitment to strengthening investments in non-oil sectors, expanding the fund&...
Company Formation in the Kingdom of Saudi Arabia is a system designed to facilitate business activities within the Kingdom. Its regulatory framework began with the issuance of the Companies Law by Royal Decree in 1965 and a decision by the Council of Ministers in the same year. The first commercial company in Saudi Arabia Records from the Ministry of Commerce indicate that Zainal Bin Ali Reda is the founder of the first commercial company in the Kingdom, established in 1869, and it was register...
Kingdom Holding Company is a Saudi public joint-stock company, established in 1979. Its shares have been traded on the Saudi Stock Exchange since 2007. The company operates in the field of global investments and holds a prominent position in the Kingdom of Saudi Arabia , the Gulf region, and worldwide. Investment history of the Kingdom Holding Company In 1979, Prince Alwaleed Bin Talal founded his private company under the name 'Kingdom Establishment for Trading and Contracting.' Seve...
Saudia Saudia is the first airline in the Kingdom of Saudi Arabia . It was established on May 27, 1945, and started its flight with a single DC-3 aircraft. Its fleet grew to include eighty-nine Airbus aircraft and fifty-four Boeing aircraft. Flynas It was launched in 2007 and operates over 1,500 flights weekly to seventy domestic and international destinations, with a fleet comprising sixty-one aircraft. Nesma Airlines A member of Nesma Holding Group in the Kingdom, it serves as a carrier in th...
Yes, there are Saudi automotive manufacturers. Ceer Motors, specializing in the manufacturing of electric vehicles, was announced by the Crown Prince, Prime Minister, and Chairman of the Board of Directors of the Public Investment Fund (PIF), His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, on November 3, 2022. It is considered the first Saudi brand involved in the manufacture of electric vehicles in the Kingdom of Saudi Arabia . In 2019, a site was allocated for the establi...
The Saudi Rotorcraft Support Company (SRSC) is a Saudi company that provides maintenance and technical support services for rotorcraft. SRSC was established in August 2015. Ownership of SRSC SRSC is owned by Boeing, Saudi Aerospace Engineering Industries, and Alsalam Aerospace Industries. In 2015, these companies signed a partnership agreement to establish the company in the cities of Riyadh and Jeddah . In 2022, the General Authority for Competition approved the acquisition of a 51 percent sta...
Saudi Technology and Security Comprehensive Control Company 'Tahakom' is a company affiliated with Tahakom Investments Company, a Public Investment Fund subsidiary in the Kingdom of Saudi Arabia . It was established in 2015, and is headquartered in the capital, Riyadh . Objectives of Tahakom Company Based on the concept of 'smart cities' under Saudi Vision 2030 , 'Tahakom' offers strategic solutions aiming to raise the quality of life and enhance public safety leve...
SABIC Agri-Nutrients Company, formerly known as Saudi Arabian Fertilizer Company (SAFCO), is a joint-stock company with 50.1 percent owned by the Saudi Basic Industries Corporation (SABIC) . Its headquarters is located in Riyadh , and it specializes in the production of fertilizers and agricultural nutrients on a global scale. It is listed on the Saudi Stock Exchange (Tadawul) under the name SABIC Agri-Nutrients in the primary sector. The company is classified among the global leaders in the pr...
The Saudi Credit Bureau 'SIMAH' is responsible for the accurate collection and saving of credit information for individuals and businesses. It does this through its two programs, 'SIMATI' for individuals, launched in 2004, and 'SIMAT' for the business sector, launched in 2009. This information is presented to financial institutions, under the supervision of the Saudi Central Bank . SIMAH also provides financial and credit information that assists these institutions...
Bayan Credit Bureau , known as Bayan, is a closed joint-stock company headquartered in Riyadh and owned by a group of strategic partners in the government and private sectors. Said partners are THIQAH Business Services, Takamol Holding, Bank Albilad, Alinma Bank , and Gulf International Bank (GIB). 'Bayan' is the first credit company licensed by the Saudi Central Bank . Establishment of Bayan Credit Bureau Bayan Credit Bureau was established in 2015 by the decision of the Minister o...
Flynas is a low-cost airline in the Kingdom of Saudi Arabia and the Middle East, operating around 1,500 flights weekly to seventy destinations (domestic and international), with a fleet comprising sixty-four aircraft. It was established in 2007 and is headquartered in the capital, Riyadh . Flynas flights On February 17, 2007, the very first Flynas flight took off. The airline operates domestic and international flights weekly, headed toward three continents across the world, namely Asia, Europe...
